New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-12
CLOSING PRIoEs OF PaIhAOsLPaIA SrOOSS

FRIDAY, March 11-P. N.
The stock market today dull but till late hour II
presented a strong front With few exceptions first
prices Improvements yesterdays closing
figures and till after O'Clock such movements rs there
we're gave further advances There exists natural
uDeasiness concerning the outcome OF the failure carry
out the Richmond West Point Baltimore and Ohio deal
think safe saying that such liquidation
OF speculative because Of that as was to be
made accomplished yesterday forenoon at about the
time IT positively asserted that the scheme was COM
pleted After / O'Clock to-day the market was quiet AT
about the best figures Soon after o'clock there was
furry in the money market and tho values were
raided the time. There were indications tha
amounts OF money had been taken away from inc
market for speculative effect, and for little time there
something OF q scare; the rate was rapidly marked
up from to per cent but it proved there had not
been sufficient amount withdrawn to hold the rate and
the late loans 4i20i per cent For this sudden
movement there does not exist o single legitimate
reason beyond that which may grow out OF an agree
men certain spectators and certain financial
institutions TO withhold funds from the market Accom-
panying the furry stories about the Treasury aD
sorbing 81 100000 a day and no way OF getting
the money out silly and absurd as these stories
were, that they not without elect IL
proved by the fact that men, who should have known
better inquired business hours what possible way
check such disastrous Withdrawals OF funds
from business channels. The statements are simply
falSe our usual weekly INC SNO
operations shows that actual loss for tho week was
instead OF daily absorption OF 81 100000 outas
IT doing an exchange business the O3ooOO
paid TO it pay out at So Louis, Chicago. etc. gave
IL gain OF 1881 00S but IL paid out IN redemption OF
trade dollars 200 which does not appear in the ac
count because at the sub-Treasnry the operation Is
counted only as exchange OF one coin for another
coin and thus it's net GAIN so far as The
local money market is concerned, was only Si62OOo
including its exchange eXpressage business Ana hs
was in the week OF the month, after the regular
monthly payments for interest etc. had been completed
For more year certain writers on the political
economy the Stock Exchange. have been harpnS on
Treasury absorptons OF and dire disaster there
from all the the Treasury does not absorb or
the 500 600 OF money-coh and silver-created or
coined during twelve months the Treasury has
$40 600 600 an the people $40 100000. That legitimate
business has absorbed this $40 100000, and that money
as pcr cent instead OF a2 per cent Is the best
sbe evidence Of the Improvement which has been made
Although the stock market weakened under tho money
scare and bold raid values, generally closed as
well or better than last evening Richmond ana west
Point exception in showing loss OF ia per cent az
4O3s The sooner and few OF It's kindred stocks reach
ires their true values the better Tor e
general market ard for brokers commissions
Government bonds quiet and steady at unchanged
quotations follows